Pension administrator vs benefits representative

The differences between pension administrators and benefits representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a pension administrator and a benefits representative. Additionally, a pension administrator has an average salary of $57,547, which is higher than the $38,694 average annual salary of a benefits representative.

The top three skills for a pension administrator include customer service, plan administration and IRS. The most important skills for a benefits representative are customer service, patients, and insurance coverage.

Pension administrator vs benefits representative overview

	Pension Administrator	Benefits Representative
Yearly salary	$57,547	$38,694
Hourly rate	$27.67	$18.60
Growth rate	7%	7%
Number of jobs	50,422	13,058
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 56%
Average age	45	45
Years of experience	6	6

Pension administrator vs benefits representative salary

Pension administrators and benefits representatives have different pay scales, as shown below.

	Pension Administrator	Benefits Representative
Average salary	$57,547	$38,694
Salary range	Between $37,000 And $87,000	Between $29,000 And $51,000
Highest paying City	Needham, MA	New York, NY
Highest paying state	New Jersey	New Jersey
Best paying company	Kerkering Barberio	BlackRock
Best paying industry	-	Finance

Differences between pension administrator and benefits representative education

There are a few differences between a pension administrator and a benefits representative in terms of educational background:

	Pension Administrator	Benefits Representative
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 56%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Pension administrator vs benefits representative demographics

Here are the differences between pension administrators' and benefits representatives' demographics:

	Pension Administrator	Benefits Representative
Average age	45	45
Gender ratio	Male, 35.7% Female, 64.3%	Male, 30.3% Female, 69.7%
Race ratio	Black or African American, 11.1% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 61.4% American Indian and Alaska Native, 0.4%	Black or African American, 11.0% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 7.0% White, 61.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	9%	9%

Differences between pension administrator and benefits representative duties and responsibilities

Pension administrator example responsibilities.

Lead special project team construct to interpret the initial impact of ERISA legislation on company pension operations.
Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
Assist in plan design issues that comply with client needs and ERISA and DOL laws.
Train in filing of 5500 tax returns with the DOL.
Review trend analysis for fail ACP and ADP tests.
Conduct top heavy, ADP, and ACP compliance testing of define contribution plans.

Benefits representative example responsibilities.

Determine eligibility and process FMLA initial notification letters for employees which lead to immediate use of benefits.
Service consumers inbound inquires via phone and live chat regarding HRA, FSA and HSA accounts.
Work with clients to ensure ACA compliance.
Train in and apply HIPAA privacy and security regulations and maintain strict confidentiality of claims.
Contact any FSA or HRA groups concerning any outstanding payments for claims and/or admin fee invoices.
Produce benefit-related reports from HRIS.

Pension administrator vs benefits representative skills

Common pension administrator skills

Customer Service, 11%
Plan Administration, 9%
IRS, 7%
Financial Statements, 7%
ERISA, 7%
DOL, 5%

Common benefits representative skills

Customer Service, 18%
Patients, 18%
Insurance Coverage, 8%
Medicaid, 6%
Insurance Carriers, 5%
Term Disability, 4%

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Pension Administrator
Pension Administrator vs Benefits Representative

Updated January 8, 2025

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